Investment Performance

Variable annuities and mutual funds offered through a retirement plan are intended as long-term investments designed for retirement purposes. Money distributed from a 403(b) plan, 401(a)/(k) plan, or a 457 plan will be taxed as ordinary income in the year the money is distributed. Early withdrawals from a 403(b) plan and a 401(a)/(k) plan, if taken prior to age 59 1/2, will be subject to the IRS 10% premature distribution penalty tax, unless an exception applies. This IRS premature distribution penalty tax does not apply to 457 plans. Account values fluctuate with market conditions, and when surrendered the principal may be worth more or less than the original amount invested.

The performance data quoted represents past performance. Past performance does not guarantee future results. For month-end performance which may be lower or higher than the performance data shown please call 800-584-6001. Investment return and principal value of an investment will fluctuate so that, when sold, an investment may be worth more or less than the original cost.

The returns assume reinvestment of all dividends (ordinary income and capital gains) and are net of management fees and other fund operating expenses.

You should consider the investment objectives, risks and charges, and expenses of the funds carefully before investing. The prospectus contains this and other information. Anyone who wishes to obtain a free copy of the fund prospectuses may call their Voya representative or the number above. Please read the prospectus carefully before investing.

Returns less than one year are not annualized. Fund Inception Date is the date of inception for the underlying fund, and is the date used in calculating the periodic returns. This date may also precede the portfolio's inclusion in the product.

Investment Options

1-Mo

3-Mo

YTD

1-Yr

3-Yr

5-Yr

10-Yr

Incept

Fund Inception Date

Gross Fund Exp %*

Net Fund Exp %*

Stability of Principal

Money Market

Vanguard® Federal Money Market Fund - Investor Shares - 2573 (1)

0.13

0.35

0.46

1.10

0.54

0.33

0.34

07/13/1981

0.11

0.11

The 7-day annualized yield as of 04/30/2018 is 1.58%, which more closely reflects current earnings.
(7)

Bonds

Inflation-Protected Bond

DFA Inflation-Protected Securities Portfolio - Inst Class - 3223

-0.26

-0.17

-1.36

-0.39

0.88

-0.35

3.19

09/18/2006

0.12

0.12

Intermediate-Term Bond

Metropolitan West Total Return Bond Fund - Class I Shares - 2287 (2)

-0.64

-0.91

-1.94

-0.23

1.00

1.65

5.28

03/31/2000

0.44

0.44

Vanguard® Total Bond Market Index Fund - Institutional - 799

-0.82

-1.21

-2.28

-0.48

0.97

1.39

3.55

09/18/1995

0.04

0.04

Asset Allocation

Lifecycle - Index

Vanguard® Target Retirement 2015 Fund - Investor Shares - 791 (3)

-0.07

-2.31

-0.59

6.17

4.42

5.82

5.41

10/27/2003

0.13

0.13

Vanguard® Target Retirement 2020 Fund - Investor Shares - 1296 (3)

0.10

-2.92

-0.48

7.85

5.34

6.90

5.85

06/07/2006

0.13

0.13

Vanguard® Target Retirement 2025 Fund - Investor Shares - 926 (3)

0.11

-3.41

-0.49

8.98

5.95

7.60

6.08

10/27/2003

0.14

0.14

Vanguard® Target Retirement 2030 Fund - Investor Shares - 1297 (3)

0.24

-3.73

-0.33

10.05

6.46

8.23

6.28

06/07/2006

0.14

0.14

Vanguard® Target Retirement 2035 Fund - Investor Shares - 793 (3)

0.34

-4.09

-0.24

11.07

6.96

8.85

6.57

10/27/2003

0.14

0.14

Vanguard® Target Retirement 2040 Fund - Investor Shares - 1298 (3)

0.39

-4.44

-0.14

12.12

7.41

9.35

6.90

06/07/2006

0.15

0.15

Vanguard® Target Retirement 2045 Fund - Investor Shares - 794 (3)

0.45

-4.67

-0.13

12.56

7.68

9.51

6.96

10/27/2003

0.15

0.15

Vanguard® Target Retirement 2050 Fund - Investor Shares - 1299 (3)

0.44

-4.67

-0.11

12.56

7.67

9.51

6.97

06/07/2006

0.15

0.15

Vanguard® Target Retirement 2055 Fund - Investor Shares - 2473 (3)

0.44

-4.67

-0.13

12.57

7.61

9.48

11.57

08/18/2010

0.15

0.15

Vanguard® Target Retirement 2060 Fund - Investor Shares - 3447 (3)

0.46

-4.66

-0.09

12.57

7.61

9.49

10.87

01/19/2012

0.15

0.15

Vanguard® Target Retirement Income Fund - Investor Shares - 795 (3)

-0.15

-1.73

-0.64

4.32

3.47

4.05

4.81

10/27/2003

0.13

0.13

Large Cap Value

Large Blend

Vanguard® Total Stock Market Index Fund - Institutional - 2208

0.38

-5.26

-0.22

13.09

10.19

12.73

9.25

07/07/1997

0.04

0.04

Large Value

Touchstone Value Fund - Institutional Class - 6935 (4)

1.45

-6.74

-1.62

8.82

7.08

10.28

7.91

07/31/2003

0.86

0.68

Large Cap Growth

Large Growth

Neuberger Berman Sustainable Equity Fund - Inst Class - 7069 (5)

0.21

-4.68

0.71

11.77

9.02

11.88

8.41

03/16/1994

0.67

0.67

T. Rowe Price Institutional Large-Cap Growth Fund - 2467

2.04

-2.83

7.10

28.30

16.51

19.13

13.01

10/31/2001

0.56

0.56

Small/Mid/Specialty

Small Growth

Delaware Smid Cap Growth Fund - Institutional Class - 6112

0.98

-3.37

5.26

32.12

11.37

13.84

12.30

11/09/1992

0.96

0.96

Small Value

DFA U.S. Targeted Value Portfolio - Institutional Class - 2566

0.95

-3.24

-1.26

8.52

7.95

11.05

9.51

02/23/2000

0.37

0.37

Global / International

Diversified Emerging Mkts

DFA Emerging Markets Core Equity Portfolio - Inst Class - 1913

-1.31

-6.28

0.34

18.44

6.35

4.75

3.44

04/05/2005

0.53

0.53

Foreign Large Blend

Aberdeen International Equity Fund - Institutional Class - 3474 (6)

0.00

-5.63

-1.59

10.42

2.37

2.04

1.15

06/29/2004

1.02

1.02

Vanguard® Total International Stock Index Fund- Inst Shares - 9772

0.80

-4.96

0.35

15.46

5.48

5.85

2.35

04/29/1996

0.09

0.09

The risks of investing in small company stocks may include relatively low trading volumes, a greater degree of change in earnings and greater short-term volatility.

Foreign investing involves special risks such as currency fluctuation and public disclosure, as well as economic and political risks.

Some of the Funds invest in securities guaranteed by the U.S. Government as to the timely payment of principal and interest; however, shares of the Funds are not insured nor guaranteed.

High yielding fixed-income securities generally are subject to greater market fluctuations and risks of loss of income and principal than are investments in lower yielding fixed-income securities.

Sector funds may involve greater-than average risk and are often more volatile than funds holding a diversified portfolio of stocks in many industries. Examples include: banking, biotechnology, chemicals, energy, environmental services, natural resources, precious metals, technology, telecommunications, and utilities.

*The Gross Expense Ratios shown do not reflect any temporary fee or expense waivers that may be in effect for a fund. The performance of a fund with a temporary fee or expense waiver would have been lower if the gross fund fees / expenses listed had been reflected.

PERFORMANCE UPDATE

FL STATE UNIV SYSTEM ORP

Average Annual Total Returns as of 03/31/2018 (shown in percentages)

Variable annuities and mutual funds offered through a retirement plan are intended as long-term investments designed for retirement purposes. Money distributed from a 403(b) plan, 401(a)/(k) plan, or a 457 plan will be taxed as ordinary income in the year the money is distributed. Early withdrawals from a 403(b) plan and a 401(a)/(k) plan, if taken prior to age 59 1/2, will be subject to the IRS 10% premature distribution penalty tax, unless an exception applies. This IRS premature distribution penalty tax does not apply to 457 plans. Account values fluctuate with market conditions, and when surrendered the principal may be worth more or less than the original amount invested.

The performance data quoted represents past performance. Past performance does not guarantee future results. For month-end performance which may be lower or higher than the performance data shown please call 800-584-6001. Investment return and principal value of an investment will fluctuate so that, when sold, an investment may be worth more or less than the original cost.

The returns assume reinvestment of all dividends (ordinary income and capital gains) and are net of management fees and other fund operating expenses.

Returns less than one year are not annualized. Fund Inception Date is the date of inception for the underlying fund, and is the date used in calculating the periodic returns. This date may also precede the portfolio's inclusion in the product.

Investment Options

1-Mo

3-Mo

YTD

1-Yr

3-Yr

5-Yr

10-Yr

Incept

Fund Inception Date

Gross Fund Exp %*

Net Fund Exp %*

Stability of Principal

Money Market

Vanguard® Federal Money Market Fund - Investor Shares - 2573 (1)

0.12

0.33

0.33

1.02

0.49

0.30

0.35

07/13/1981

0.11

0.11

The 7-day annualized yield as of 03/31/2018 is 1.73%, which more closely reflects current earnings.
(7)

Bonds

Inflation-Protected Bond

DFA Inflation-Protected Securities Portfolio - Inst Class - 3223

1.04

-1.11

-1.11

0.63

1.23

-0.15

2.97

09/18/2006

0.12

0.12

Intermediate-Term Bond

Metropolitan West Total Return Bond Fund - Class I Shares - 2287 (2)

0.70

-1.30

-1.30

1.17

1.14

2.03

5.34

03/31/2000

0.44

0.44

Vanguard® Total Bond Market Index Fund - Institutional - 799

0.64

-1.47

-1.47

1.12

1.13

1.75

3.60

09/18/1995

0.04

0.04

Asset Allocation

Lifecycle - Index

Vanguard® Target Retirement 2015 Fund - Investor Shares - 791 (3)

-0.20

-0.52

-0.52

7.30

4.73

6.17

5.74

10/27/2003

0.13

0.13

Vanguard® Target Retirement 2020 Fund - Investor Shares - 1296 (3)

-0.51

-0.57

-0.57

8.95

5.65

7.25

6.21

06/07/2006

0.13

0.13

Vanguard® Target Retirement 2025 Fund - Investor Shares - 926 (3)

-0.65

-0.59

-0.59

10.20

6.30

7.96

6.48

10/27/2003

0.14

0.14

Vanguard® Target Retirement 2030 Fund - Investor Shares - 1297 (3)

-0.83

-0.56

-0.56

11.19

6.83

8.59

6.71

06/07/2006

0.14

0.14

Vanguard® Target Retirement 2035 Fund - Investor Shares - 793 (3)

-0.96

-0.58

-0.58

12.23

7.35

9.22

7.02

10/27/2003

0.14

0.14

Vanguard® Target Retirement 2040 Fund - Investor Shares - 1298 (3)

-1.14

-0.53

-0.53

13.25

7.86

9.72

7.34

06/07/2006

0.15

0.15

Vanguard® Target Retirement 2045 Fund - Investor Shares - 794 (3)

-1.24

-0.58

-0.58

13.68

8.10

9.87

7.40

10/27/2003

0.15

0.15

Vanguard® Target Retirement 2050 Fund - Investor Shares - 1299 (3)

-1.23

-0.55

-0.55

13.69

8.11

9.87

7.41

06/07/2006

0.15

0.15

Vanguard® Target Retirement 2055 Fund - Investor Shares - 2473 (3)

-1.24

-0.56

-0.56

13.69

8.05

9.84

11.64

08/18/2010

0.15

0.15

Vanguard® Target Retirement 2060 Fund - Investor Shares - 3447 (3)

-1.26

-0.55

-0.55

13.68

8.05

9.85

10.94

01/19/2012

0.15

0.15

Vanguard® Target Retirement Income Fund - Investor Shares - 795 (3)

0.02

-0.50

-0.50

5.35

3.68

4.33

4.93

10/27/2003

0.13

0.13

Large Cap Value

Large Blend

Vanguard® Total Stock Market Index Fund - Institutional - 2208

-1.98

-0.60

-0.60

13.85

10.20

13.02

9.74

07/07/1997

0.04

0.04

Large Value

Touchstone Value Fund - Institutional Class - 6935 (4)

-2.44

-3.02

-3.02

7.27

7.22

10.52

8.22

07/31/2003

0.86

0.68

Large Cap Growth

Large Growth

Neuberger Berman Sustainable Equity Fund - Inst Class - 7069 (5)

-1.70

0.50

0.50

11.87

8.92

11.82

8.92

03/16/1994

0.67

0.67

T. Rowe Price Institutional Large-Cap Growth Fund - 2467

-3.39

4.96

4.96

30.67

15.79

18.87

13.49

10/31/2001

0.56

0.56

Small/Mid/Specialty

Small Growth

Delaware Smid Cap Growth Fund - Institutional Class - 6112

-1.38

4.25

4.25

32.01

11.11

13.88

12.95

11/09/1992

0.96

0.96

Small Value

DFA U.S. Targeted Value Portfolio - Institutional Class - 2566

0.60

-2.19

-2.19

6.92

7.25

10.63

9.76

02/23/2000

0.37

0.37

Global / International

Diversified Emerging Mkts

DFA Emerging Markets Core Equity Portfolio - Inst Class - 1913

-0.51

1.68

1.68

22.14

9.22

5.27

4.33

04/05/2005

0.53

0.53

Foreign Large Blend

Aberdeen International Equity Fund - Institutional Class - 3474 (6)

-0.13

-1.59

-1.59

13.46

3.85

2.75

1.84

06/29/2004

1.02

1.02

Vanguard® Total International Stock Index Fund- Inst Shares - 9772

-0.63

-0.45

-0.45

17.08

6.95

6.43

2.85

04/29/1996

0.09

0.09

The risks of investing in small company stocks may include relatively low trading volumes, a greater degree of change in earnings and greater short-term volatility.

Foreign investing involves special risks such as currency fluctuation and public disclosure, as well as economic and political risks.

Some of the Funds invest in securities guaranteed by the U.S. Government as to the timely payment of principal and interest; however, shares of the Funds are not insured nor guaranteed.

High yielding fixed-income securities generally are subject to greater market fluctuations and risks of loss of income and principal than are investments in lower yielding fixed-income securities.

Sector funds may involve greater-than average risk and are often more volatile than funds holding a diversified portfolio of stocks in many industries. Examples include: banking, biotechnology, chemicals, energy, environmental services, natural resources, precious metals, technology, telecommunications, and utilities.

*The Gross Expense Ratios shown do not reflect any temporary fee or expense waivers that may be in effect for a fund. The performance of a fund with a temporary fee or expense waiver would have been lower if the gross fund fees / expenses listed had been reflected.

ADDITIONAL NOTES

(1)

YOU COULD LOSE MONEY BY INVESTING IN THE FUND. ALTHOUGH THE FUND SEEKS TO PRESERVE THE VALUE OF YOUR INVESTMENT AT $1.00 PER SHARE, IT CANNOT GUARANTEE IT WILL DO SO. AN INVESTMENT IN THE FUND IS NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENT AGENCY. THE FUND'S SPONSOR HAS NO LEGAL OBLIGATION TO PROVIDE FINANCIAL SUPPORT TO THE FUND, AND YOU SHOULD NOT EXPECT THAT THE SPONSOR WILL PROVIDE FINANCIAL SUPPORT TO THE FUND AT ANY TIME.

(2)

Metropolitan West Total Return Bond Fund - Class I Shares: Metropolitan West Asset Management, LLC (the "Adviser") has contractually agreed to reduce advisory fees and/or reimburse expenses, including distribution expenses, to limit the Fund's total annual operating expenses (excluding interest, taxes, brokerage commissions, short sale dividend expenses, acquired fund fees and expenses, and any expenses incurred in connection with any merger or reorganization or extraordinary expenses such as litigation) to 0.49%. The Adviser may recoup reduced fees and expenses within three years, subject to any applicable expense limit at the time of recoupment. This contract will remain in place until July 31, 2016. Although it does not expect to do so, the Board of Trustees is permitted to terminate that contract sooner in its discretion with written notice to the Adviser. The expense information in the table has been updated to reflect the amended operating expense limit (effective July 29, 2014) as if it had been in effect during the full fiscal year ending March 31, 2015.

(3)

Investments in Target Retirement Funds are subject to the risks of their underlying funds. The year in the fund name refers to the approximate year (the target date) when an investor in the fund would retire and leave the work force. The fund will gradually shift its emphasis from more aggressive investments to more conservative ones based on its target date. An investment in the Target Retirement Fund is not guaranteed at any time, including on or after the target date.

(4)

Touchstone Value Fund - Institutional Class: Touchstone Advisors, Inc. (the "Advisor" or "Touchstone Advisors") and Touchstone Strategic Trust (the "Trust") have entered into a contractual expense limitation agreement whereby Touchstone Advisors will waive a portion of its fees or reimburse certain Fund expenses (excluding dividend and interest expenses relating to short sales; interest; taxes; brokerage commissions and other transaction costs; portfolio transaction and investment related expenses, including expenses associated with the Fund's liquidity provider; other expenditures which are capitalized in accordance with U.S. generally accepted accounting principles; the cost of "Acquired Fund Fees and Expenses," if any; and other extraordinary expenses not incurred in the ordinary course of business) in order to limit annual Fund operating expenses to 0.68% of average daily net assets. This contractual expense limitation is effective through October 29, 2018, but can be terminated by a vote of the Board of Trustees of the Trust (the "Board") if it deems the termination to be beneficial to the Fund's shareholders. The terms of the contractual expense limitation agreement provide that Touchstone Advisors is entitled to recoup, subject to approval by the Board, such amounts waived or reimbursed for a period of up to three years from the date on which Touchstone Advisors reduced its compensation or assumed expenses for the Fund. The Fund will make repayments to the Advisor only if such repayment does not cause the annual Fund operating expenses (after the repayment is taken into account) to exceed both (1) the expense cap in place when such amounts were waived and (2) the Fund's current expense limitation.

(5)

Neuberger Berman Socially Responsive Fund - Inst Class: The Fund has agreed that the Class will repay Neuberger Berman Management LLC (NBM) for fees and expenses waived or reimbursed for the class provided that repayment does not cause annual operating expenses (excluding interest, taxes, brokerage commissions, acquired fund fees and expenses, dividend expenses relating to short sales, and extraordinary expenses, if any) to exceed 0.75% of the class' average net assets, respectively. Any such repayment must be made within three years after the year in which NBM incurred the expense.

(6)

Aberdeen International Equity Fund - Institutional Class: Aberdeen Funds (the "Trust") and Aberdeen Asset Management Inc. (the "Adviser") have entered into a written contract limiting operating expenses to 1.10% for all Classes of the Fund. This contractual limitation may not be terminated before February 29, 2016 without the approval of the Board of Trustees. This limit excludes certain expenses, including any taxes, interest, brokerage fees, short-sale dividend expenses, Acquired Fund Fees and Expenses, Rule 12b-1 fees, administrative services fees and extraordinary expenses. The Trust is authorized to reimburse the Adviser for management fees previously limited and/or for expenses previously paid by the Adviser, provided, however, that any reimbursements must be paid at a date not more than three years after the date when the Adviser limited the fees or reimbursed the expenses and the reimbursements do not cause a Class to exceed the applicable expense limitation in the contract at the time the fees were limited or expenses are paid.

(7)

The current yield reflects the deduction of all charges that are deducted from the total return quotations shown.

Insurance products, annuities and funding agreements issued by Voya Retirement Insurance and Annuity Company, One Orange Way Windsor, CT 06095, (VRIAC), which is solely responsible for meeting its obligations. Plan administrative services provided by VRIAC or Voya Institutional Plan Services, LLC. All companies are members of the Voya family of companies. Securities are distributed by or offered through Voya Financial Partners, LLC (member SIPC) or other broker-dealers with which it has a selling agreement.

The chart shows the performance for each investment option for the time periods shown.

Creation Date: Thursday, May 24, 2018

Insurance products, annuities and retirement plan funding issued by (third party administrative services may also be provided by) Voya Retirement Insurance and Annuity Company, One Orange Way, Windsor, CT 06095-4774. Securities are distributed by Voya Financial Partners LLC (member SIPC). All companies are members of the Voya™ family of companies. Securities may also be distributed through other broker-dealers with which Voya has selling agreements. Insurance obligations are the responsibility of each individual company. Product and services may not be available in all states.